SpainBlockchain smart payment trial
Iberpay, which operates the national payment network in Spain, conducted blockchain-based smart payment proof-of-concept (PoC) with five Spanish banks such as Sabadell, Santander, Bankia, BBVA and CaixaBank. Payments triggered by smart contracts. One of the purposes of PoC is to enable companies to schedule automatic payments, which can be triggered by smart contracts based on specific events (such as the delivery of goods). Benefits include efficiency, traceability, and completeness of payments. This project started in October and is expected to run for six months. The blockchain network has six nodes, each bank operates one node, plus one Iberpay. In deploying blockchain, Spain is one of the most advanced countries. The two banks, Santander and BBVA, have multiple high-profile blockchain projects. Santander recently issued and redeemed bonds on the public Ethereum blockchain, and BBVA has used its blockchain platform for numerous bond and loan issuances.
JapanBlockchain B2B payment platform
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Recently, Japanese credit card company JCB and the US-based payment company Paystand have established a blockchain-based B2B payment platform that will digitize all of Japan's current enterprise SME payment system and JCB's 130 million customers. Earlier this year, Japan raised consumption taxes, but introduced a grading system and lowered taxes on certain goods to stimulate the economy. In 2023, a new tax invoicing system will be launched, requiring companies to retain invoices to offset tax on purchases. In addition, the company will be required to provide detailed information such as registration number, purchase details and applicable tax rates. These changes mean that all businesses will need to move to digital solutions to easily apply for tax credits. JCB and Paystand are developing a blockchain solution for Japanese companies to simplify payments and provide a trusted source of data. Paystand CEO Jeremy Almond said: "The challenges facing global B2B companies are similar: they all face the burden of commercial payment infrastructure in Internet technology." Blockchain B2B payment solutions Buyers and sellers will be connected for real-time fund verification. Paystand expects the average number of days of sale (DSO) to decrease by more than 60%. In addition, limited manual processes will reduce the risk of errors and fraud.
U.S. Air Force Blockchain + Xage
Recently, California-based blockchain company Xage Security announced that it has been awarded a security contract from the United States Air Force (USAF) to the United States Department of Defense (DoD). Xage focuses on the Industrial Internet of Things (IIoT) to ensure the security of the Internet of Things and other devices. The nature of IIoT and military installations is that they may involve thousands of devices, including sensors. Because there are too many devices and they are always out of reach on site, the attack surface is much larger than the internal network. It is necessary to prevent anyone from adding unauthorized devices to the network and detect if the installation has been tampered with. Xage Security Fabric uses the blockchain to store which relevant nodes can join the network, identity and privilege information, and activity audit trails. Usually, when an intruder launches an attack, they may change their password and cover up their tracks by modifying the audit log. However, if a log of password changes and activities is recorded on the blockchain, an attacker will have to manipulate the records on many nodes. This significantly improves the standard of defense and makes the records nearly tamper-proof and fault-tolerant. If one node is offline, the data is available elsewhere. Greatwood further added: "Xage's blockchain-protected security architecture has built trust in these distributed and diverse ecosystems. We are proud to work with the U.S. Air Force to find ways to protect, connect, and streamline mission systems and processes. new method."
BrazilBlockchain Notarized Private Enterprise
On November 11, 2019, Brazil used blockchain technology to notarize the first civil partnership: local startup Growth Tech used its Notary Ledger platform. The digital certificate is accompanied by a physical certificate, which is generated 20 minutes after the digital process is completed. Growth Tech was originally a real estate company that provided a blockchain platform for more efficient real estate buying and selling. The company has partnered with real estate companies, including Brazil's largest real estate developer MRV, and shortened the usually four-month real estate registration process to just four days. However, this is only an experimental stage, and according to Henrique Queiroz, director of real estate development in Rio de Janeiro, "technically, the entire process can be completed on the same day via the blockchain." Growth Technology Inc. surpassed its Notary Ledger With blockchain technology for real estate, it enables citizens to request and track notary services online. Through the Notary Ledger platform, the company successfully registered a birth certificate in Brazil in a June 2019 pilot project. The Notary Ledger uses the Hyperledger Fabric enterprise blockchain and is hosted by the IBM Blockchain. Although blockchain is a great way to record facts and timestamps, so far there are few examples of legal blockchain notaries. However, some countries are exploring blockchain for land registration, including the United Kingdom, the UAE, St. Kitts and Nevis, Mexico, and several other South American countries.
ItalyBlockchain traces Sicilian red orange
Sicilian Red Orange in Italy will soon be tracked using a blockchain solution developed by the Sicilian IGP Alliance's Blood Oranges and information technology company AlmavivA. The news was announced at an event supported by the Italian Ministry of Agriculture, Food and Forestry Policy. This blockchain platform called ROUGE (Red Orange Upgrades Green Economy) will record the source, characteristics and transportation data of fruits for customs clearance . More than 50% of Italy's total production of blood oranges comes from Sicily. In a seized counterfeit agricultural product, a batch of South African oranges was found to be used as IGP blood oranges. The alliance is to use blockchain technology to ensure blood oranges (red orange ) Traceability to combat counterfeit products. The crate containing the fruit will be affixed with an NFC (Near Field Communication) tag that will collect data about the source, the date of harvest, and the method of preservation and distribution. The traceability platform will capture data from the portal used by the alliance and its member companies, and consumers can use mobile applications to track the origin of oranges. Counterfeit goods and frauds cause damage to consumers and losses to producers. The platform was created to protect IGP Sicilian red oranges and export this unique product to the world, and this year, the product has also entered the Chinese market.
IndiaBlockchain records land information
Recently, Andhra Pradesh, India, is using blockchain technology to prevent tampering with land records. Deputy Chief Minister Pilli Subash Chandra Bose discussed the details of the project in an interview with local news outlet New India Express. Bose told the New India Express: "At present, everyone from the data entry operator is changing the land record, which easily leads to land disputes. But once the data of the land record is obtained and the blockchain technology is implemented, it cannot be tampered. "As early as 2014, Andhra Pradesh created a new Telangana state, which has had some impact on governance, and land records must be transferred to a new office. Hyderabad's former capital, Andhra Pradesh, is now part of Telangana. Andhra Pradesh is currently establishing a new capital, Amlawati, and has used blockchain for land acquisitions in the area. Quartz India released a report on the application of blockchain in the development of Amaravati last year. One of the focus of the discussion is that even if the blockchain itself is tamper-resistant, it can be tampered with before adding land records to the blockchain. Quartz said that Andhra Pradesh uses a private blockchain, and landlords cannot monitor any changes in records. Bose said it would commission the Inland Revenue Department, the Chief Commissioner of Land Management and other officials to monitor land records. These officials will have access to the land records, and if any changes are made, the landowners will receive a text message informing them of the changes. Based on this mechanism, landowners can file complaints and track the officials making changes from the keys used. Meanwhile, other Indian state governments are also preparing to try out blockchain applications, and Telangana is launching a blockchain system to distribute food to the poor. A few months ago, the Maharashtra state government said it would use the technology to streamline agricultural marketing, supply chain, vehicle registration and document management systems. In addition, the Indian Electronics and IT Minister stated that the Indian government may soon announce a national blockchain framework.
Author of the article: 52CBDC
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